All the GP, gang melees, hs melees and lottery melees are show off weapons. The weapons arent about the stats its about showing that you could get something that other players cant obtain, its about showing you got that reward that looks diffrent from all the other stuff in game. It shouldnt even be about the stats and it defiently shouldnt be better then anything being sold.
The gang melee is also a thing you show off, it shows that your gang made it to a certain amount of hours so you got a custom made melee for it, however No one Said the stats where gonna be good on it. It represent your gang and i would say it is pretty nice of the staff team to even give you an option like this.
-Lafez